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Karan Singh Bhakuni

Should I build a product that already exists?

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If a similar product already exists in the market, is it advisable to build a new one with some improvements or different features, or is it likely to be a waste of time? How do you assess whether to enter a market with established products?

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Hi Karan, build a new one with new features and improvements is key to success.
Elena Tsemirava
It calls "read ocean strategy" and it's an absolutely normal practice. Take a look at it in the web.
Khul Anwar
IMHO, there are pro and cons for the decision. pro : no need to validation since market already exist, what we need to do is build solution that better than existing const : when market exist, more competitor will come. more competition, and sometimes already established product